Blog

The Christmas season is upon us now, and it’s such a busy and eventful time of year that, for many of us, it’s all we can think about. Don’t let your HOA board fall prey to this, though; if you become totally engrossed in Christmas, you might forget that the dawn of the new year comes right after it, and with it a chance for your community association to embark on a new period of prosperity!
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There are many physical, visible signs of a weak economy, but few that are as devastating to see as the plethora of vacated homes scattered throughout communities. Indeed, vacated homes are still very prevalent in many areas, and, for an HOA board, they pose a very real challenge.
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The members of your community—including those who may happen to serve on the HOA Board—live busy lives. They have family and work responsibilities to juggle, to say nothing of potential hobbies, church functions, or whatever else. The last thing they want to do is come sit through a meeting, in their “free time,” that drags on and on with no end in sight. So if you want to both maximize meeting attendance and keep participants active and involved in the proceedings, you’ll need to plan the meetings accordingly.
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We’ve used this space in the past to talk about the importance of the capital reserve fund for any HOA management board, and now is a good time to revisit the topic and discuss some of the key components your HOA board should make sure to have in place. It’s fall, and the holiday season is rapidly approaching. This is the time of the year when people are thinking about long-term finance, and about particular investment strategies for the coming year. It’s also when a lot of weather-induced maintenance issues arise. Both of these seasonal happenings are very pertinent to the creation of an HOA capital reserve fund.
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You don’t have to be an HOA veteran to now that the best community is the one in which people are involved and engaged; residents who are truly invested in the happenings within their neighborhoods are the ones most likely to take pride in where they live, and to step up and do their part to keep the community well-maintained. This means that, as an HOA board member, it’s well worth your time to provide opportunities for community involvement—and the holiday season provides an ideal time for doing just that.
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